insert_link Business / Economics IMF projects Namibia’s GDP growth to slow to 3.6% in 2024 The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture. todayJuly 17, 2024 38
insert_link Business / Economics 4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […] todayJuly 11, 2024 10
insert_link Africa South Africa’s new agricultural leadership should focus on getting things done, not designing new policies By Wandile Sihlobo, Stellenbosch University South Africa’s primary agriculture sector accounts for nearly 3% of GDP and about 8% when considering the value of agro-processing. But it can contribute even more to economic growth that delivers benefits fairly across society and creates jobs. This can’t happen, however, if new policies and plans keep getting introduced. Fortunately, the views of the new agricultural minister, John Steenhuisen, may […] todayJuly 3, 2024 31
insert_link Namibia Government Expands Water Supply with N$250 Million Ohangwena II Aquifer Project Agriculture, Water and Land Reform minister, Carl Herman Gustav Schlettwein, announced the launch of the Ohangwena II Wellfield Water Supply Schemes, funded by a N$250 million initiative under the African Development Bank’s Namibia Water Sector Support Programme. The project aims to enhance water infrastructure in northern Namibia, ensuring reliable access to safe drinking water for areas between Omafo-Eenhana and Omakango-Onambutu-Eenhana. This initiative forms part of Namibia's broader efforts to address […] todayJuly 1, 2024 51
insert_link Namibia Namibia faces worst drought in decade The Kamanjab Constituency is facing severe drought, leading local leaders to seek national assistance. Councillor Niko Somaeb told the Namibia Press Agency the area has experienced over 80% livestock loss due to the decade-long drought, which is the worst on record. Despite ongoing food aid efforts supporting 2,080 households, Somaeb stressed the need for additional support to sustain remaining livestock and address food insecurity. todayJune 24, 2024 43
insert_link Namibia Agriculture Ministry To Launch Innovative Oshikoto Integrated Regional Land-Use Plan On June 19, the Agriculture, Water, and Land Reform ministry will launch a program for the Oshikoto Integrated Regional Land-Use Plan. This innovative approach aims to allocate land use in the region effectively, promoting sustainability and suitability. Ministry spokesperson Simon Nghipandulwa. todayJune 18, 2024 49
insert_link Environment Agriculture Ministry holds high-level talks on Stampriet aquifer mining The Ministry of Agriculture, Water, and Land Reform today held a high-level meeting in Stampriet regarding Uranium Mining in the Stampriet Transboundary Aquifer system. Here is Agriculture Minister, Calle Schlettwein. todayJune 17, 2024 74
insert_link World China launches anti-dumping probe into EU pork imports By Oliver HOTHAM and Matthew WALSH China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest step in a mounting trade stand-off between the bloc and its largest economic partner. Pork is China's most popular meat and a staple of diets in the world's second most populous nation. Imports of pork and pork by-products from EU nations […] todayJune 17, 2024 19
insert_link Africa Malawi farming experiment shows how simple changes can boost maize yields and improve soil By Alan Dixon, University of Worcester Malawi’s increasingly unpredictable rainfall and higher than usual temperatures are causing problems for smallholder farmers. Soil erosion has increased, causing soil fertility and water availability to decline. Crops often fail. Farmers are already struggling financially. Many farm only one crop: maize. They can’t easily afford chemical fertilisers that would boost the soil’s fertility and sustain yields. Agriculture accounts for just […] todayJune 13, 2024 27